Market
What will be the next action by U.S. Congress on budget by January 10, 2025?
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Resolution / Starting Odds
Pass a new CR • 25%
Pass a full budget • 25%
Pass a temporary funding measure • 25%
No action taken • 25%
Official announcements from the U.S. Congress and major news outlets
Story
38 Republicans Help Defeat Trump-Backed CR as Shutdown Looms
Dec 20, 2024, 12:06 AM
The U.S. House of Representatives has failed to pass a Trump-backed Continuing Resolution (CR) to fund the government and suspend the debt ceiling, increasing the likelihood of a government shutdown at midnight. The bill, referred to as 'Johnson's plan B' and supported by Speaker Mike Johnson, required a two-thirds majority but fell short with a vote of 174-235-1. A total of 38 Republicans joined Democrats in opposing the measure. Following the failed vote, the House went into recess. With no clear plan in place, Congress faces uncertainty on the eve of the shutdown deadline.
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Rejected • 25%
Withdrawn • 25%
Passed without amendments • 25%
Passed with amendments • 25%
Another stopgap funding measure • 25%
Significant spending cuts • 25%
Tax reform legislation • 25%
Comprehensive fiscal year 2025 budget • 25%
Suspend the debt ceiling • 25%
Raise the debt ceiling • 25%
No action taken • 25%
Introduce alternative fiscal measures • 25%
Failed • 25%
Passed without changes • 25%
Other outcome • 25%
Passed with Musk's influence • 25%
Passes with pay raise • 25%
Passes without pay raise • 25%
Other amendments • 25%
Fails • 25%
Bill fails • 25%
Alternative bill passed • 25%
Bill passes with debt ceiling measures • 25%
Bill passes without debt ceiling measures • 25%